What is a security deposit ? 
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There are many foreigners who rent a condo[room] in Pattaya and do not understand the word “security deposit” (or rental deposit) and quite often, refusing to pay the last month rent. They would ask the Lessor to deduct their rent from the deposit which the Lessor of course does not agree and the Lessee must pay the last month rental and shall get his/her security deposit once the rental contract is completed. This often creates misunderstanding and quarrel about the “security deposit”.
When considering from a rental agreement, which usually specify about the deposit, for example: Room Rental Agreement
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| No 9. “The Lessee agrees to pay a deposit [security deposit] on the date entering into this agreement in the amount of 12,000 Baht (………………………………). Whereby the Lessor shall return the deposit [security deposit] when the Lessee completes the duration of contract and does not have any outstanding bills and returns the unit to the Lessor in a good clean condition without any damages to the unit.” |
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"security deposit” (or rental deposit) means money that Lessee put down as a security deposit in case some properties get broken while renting such as air conditioning break down by the lessee, TV not working, or any other outstanding bills that has not been settled e.g. monthly rent, electric and water bills, cable TV. Usually, the Lessor will deduct fixing cost and any outstanding bills out of the security deposit.
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So, “security deposit” (or rental deposit) does not mean a deposit that use to pay monthly rent but it is a security deposit from any breakings that might occur to the properties.
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Tips on Renting Condo in Pattaya
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